Taki's Daily Blog
The Standard of Living Bubble (And Why It’s About to Go Pop!)
Our representatives in Washington, alongside the easy-credit Federal Reserve and its Wise Leader, “Helicopter Ben,” have essentially subsidized a rash of misguided investments and profligate spending-sprees by consumers who’ve bought into the illusion of endless prosperity. Everyone knows about the Housing Bubble. Well, get ready for the even bigger Standard of Living Bubble, whose bursting is now upon us. Because real … [Read More]
Over the past several months, we have witnessed an unprecedented financial storm stirred up by the irrationally exuberant, Wall Street welfare parasites and their Fed-God, Ben Bernanke, and the usual enablers who roam the halls of the regime in power. It’s no fluke that according to the Chinese system of astrology, we’ve entered The Year of the Rat. The federal bailout … [Read More]
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